Lululemon sparks hopes of reset with CEO exit, back-to-basics focus

Core Viewpoint - Lululemon Athletica's shares increased by 10% in premarket trading due to a CEO change, raising expectations for a potential turnaround in its underperforming U.S. business [1] Company Summary - The leadership change at Lululemon is seen as a catalyst for revitalizing the company's sluggish performance in the U.S. market [1] - The company aims to regain its competitive edge and attract back its customer base [1]